Telecommunication News
- Huawei sees contracted global sales up 36%
Date: 15-May-2007 Sources: (Shenzhen Daily)
SHENZHEN-BASED Huawei Technologies, China's largest provider of telecom equipment, said yesterday it expected a 36 percent rise in contracted global sales this year after a 34 percent increase in 2006.
Huawei, which generated 65 percent of its turnover overseas last year, expects to book US$15 billion in overall contracted sales in 2007, up from US$11 billion a year earlier, its senior vice president Li Jinge told reporters.
Sales to Africa would jump by 70 to 80 percent this year from US$1.08 billion in 2006, Li added.
Huawei and cross-town rival ZTE Corp. have been two of China's most successful exporters, as they go head-to-head with Ericsson , Motorola and Nokia.
ZTE's exports have been mostly confined to developing markets while Huawei has made significant inroads into more lucrative developed markets in the last two years.
In August, Huawei secured a deal to sell third-generation (3G) telecom equipment to U.S. wireless carrier Leap Wireless, its first 3G sale in North America.
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